Jianzhong Construction Development (HKSE:00589) Cash-to-Debt : 0.47 (As of Jun. 2023)

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What is Jianzhong Construction Development Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Jianzhong Construction Development's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.47.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Jianzhong Construction Development couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Jianzhong Construction Development's Cash-to-Debt or its related term are showing as below:

HKSE:00589' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.47 Max: 1.36
Current: 0.47

During the past 7 years, Jianzhong Construction Development's highest Cash to Debt Ratio was 1.36. The lowest was 0.01. And the median was 0.47.

HKSE:00589's Cash-to-Debt is not ranked
in the Construction industry.
Industry Median: 0.62 vs HKSE:00589: 0.47

Jianzhong Construction Development Cash-to-Debt Historical Data

The historical data trend for Jianzhong Construction Development's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Jianzhong Construction Development Cash-to-Debt Chart

Jianzhong Construction Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.67

0.85

0.52

0.21

0.47

Jianzhong Construction Development Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial							0.34	0.21	0.25	0.47	0.47

Competitive Comparison of Jianzhong Construction Development's Cash-to-Debt

For the Engineering & Construction subindustry, Jianzhong Construction Development's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Jianzhong Construction Development's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jianzhong Construction Development's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jianzhong Construction Development's Cash-to-Debt falls into.

Jianzhong Construction Development Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Jianzhong Construction Development's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	167.303	/	(239.383	+	115.523)
	=	0.47

Jianzhong Construction Development's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	104.244	/	(149.266	+	73.815)
	=	0.47

Jianzhong Construction Development (HKSE:00589) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Jianzhong Construction Development Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Jianzhong Construction Development's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Jianzhong Construction Development (HKSE:00589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jianzhong Construction Development Ltd (HKSE:00589) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.33 Zhaoqiang Road, 2002, Jinlan Building, Mawei District, Fujian, Fuzhou, CHN

Website

https://www.fjjzkj.com

Jianzhong Construction Development Ltd is a construction services provider based in Fujian Province offering solutions in foundation works. The company foundation works including bored piles, H-piles, Larssen sheet piles, diaphragm walls, and tunnelling works. Its other construction services including formwork and scaffolding works including formwork and falsework design, manufacturing of scaffold and erection services; construction of sewage treatment infrastructure; and other construction work mainly E&M engineering works. Its segments include Construction service; Equipment operation service; Sewage treatment operation; and Others that include sales of construction materials and equipment and others.

Executives

Furi Investment Limited	2101 Beneficial owner
Leng Yan	2202 Interest of your spouse
Xun Liangbao	2201 Interest of corporation controlled by you
Xun Minghong	2201 Interest of corporation controlled by you
Mhx Investment Limited	2101 Beneficial owner
Song Dongling	2202 Interest of your spouse
Cv Construction Capital Limited	2101 Beneficial owner
An Hui Hai Luo Chuang Ye Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Hai Luo Chuang Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Yi Jiang Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yi Jiang Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you

Jianzhong Construction Development (HKSE:00589) Headlines

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